Loan loss drop helps Danske Bank beat Q4 profit forecasts

COPENHAGEN Thu Feb 7, 2013 2:18am EST

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COPENHAGEN Feb 7 (Reuters) - Denmark's biggest financial institution, Danske Bank, on Thursday reported a near fourfold rise in quarterly pretax profits, beating forecasts on the back of a drop in loan impairments.

The Nordic region's second-biggest lender said fourth-quarter pretax profits rose to 2.26 billion Danish crowns ($410 million), beating an average 1.86 billion forecast in a poll of analysts.

The bank said it would not propose a dividend for 2012.

($1 = 5.5098 Danish crowns) (Reporting by Copenhagen Newsroom)

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